Property Overview & Key Characteristics
This one-storey home at 234 Shore Street in Winnipeg's Fairfield Park neighborhood presents a specific and practical profile. Its key appeal lies in being a relatively modern (built in 2007), low-maintenance bungalow with a renovated basement and an attached garage. The living space (1,222 sq ft) is compact compared to others in Fairfield Park, but is close to the city-wide average, suggesting an efficient layout. The lot size is also modest for the area but offers manageable outdoor space.
A thoughtful perspective is its value positioning. While the home's assessed value is below average for its immediate neighborhood, it ranks above average city-wide. This indicates you may be acquiring a newer, updated home in a established area at a value relative to the broader Winnipeg market. It suits first-time buyers, downsizers, or investors seeking a modern, single-level living option without a large yard to maintain. The 2019 sale price suggests a history of value appreciation.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 1,222 sq ft, the living area is below the average for both Shore Street and the wider Fairfield Park area, but is very close to the average home size across the entire city of Winnipeg.
2. Is the assessed value typical for the area?
The assessed value is below the average for the Fairfield Park neighborhood. However, compared to all homes in Winnipeg, it ranks in the top 26%, indicating its assessed value is actually above the city-wide average.
3. What does the "renovated basement" include?
The listing confirms a renovated basement but does not provide specific details on the finish, rooms, or permits. This would be a key point to clarify with the seller or their agent.
4. How does the lot size impact potential?
The land area is smaller than most lots in Fairfield Park. This means lower yard maintenance, but may limit possibilities for large additions or pools. It's a practical lot for those prioritizing indoor space and ease of upkeep.
5. What is the significance of the home being built in 2007?
A 2007 build is notably newer than the average Winnipeg home (1966). This often translates to modern construction standards, newer major systems (like plumbing and electrical), and potentially lower immediate repair costs compared to much older homes in the city.